Central Maine Healthcare Corporation
Overview
Mission
To provide exceptional healthcare services in a safe and trustful environment through the expertise, committment, and compassion of our family of caregivers.
What it reported doing in 2024
To support affiliated healthcare institutions by providing managerial, administrative, and fundraising services in a continuous, organized, and efficient manner.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 010386913
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Lewiston, ME, USA
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 77
- Accountability: 87
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.8%; rating input score 81
- Program expense ratio: 81.2%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 84.6%; rating input score 85; 30th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -0.3%; rating input score 25; 25th percentile among comparable filings
- Operating reserve ratio: 1.4; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 10.4%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: -0.3% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 80.8% of revenue deployed · 81.2% of spending went to programs
- Governance: 11 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $56M in reported program spending
- Leadership: top reported pay $1.1M · 31 people listed · 4 of 6 pay-setting controls reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 19 filed money-flow records
- Related organizations: 12 filed related-organization links